Victoriabank completes the acquisition of Microinvest
Victoriabank, part of Banca Transilvania Group, announces the completion of the acquisition of Microinvest, following the receipt of all necessary approvals from the regulatory and supervisory authorities. This transaction strengthens Victoriabank’s position in the market, broadens its service portfolio, and reaffirms the bank’s commitment to supporting local entrepreneurs.
Microinvest is the leader of the microfinance market in the Republic of Moldova, with a loan portfolio of MDL 7 billion. Approximately 65% of its portfolio is dedicated to business clients, over 40% of which are in the agricultural sector. With 22 years of experience, the company serves more than 46,000 active clients — local entrepreneurs and individuals — through a team of 400 professionals and 17 offices. Microinvest will continue to operate independently, maintaining its brand and management team, ensuring that clients continue to enjoy the same high-quality services and long-standing relationships.
“Victoriabank and Microinvest share similar values, which gives us the confidence that we will continue to support clients in a sustainable way. This transaction allows us to expand Victoriabank’s role in supporting SMEs and agriculture, two key sectors for the Moldovan economy. It is the second major transaction we have completed in 2025, after the merger with BCR Chișinău, and it reinforces our ambition for growth”, said Levon Khanikyan, CEO Victoriabank.
“We appreciate the confidence in our team and see this step as an opportunity to accelerate financial inclusion in the Republic of Moldova. Microinvest remains true to its mission – to provide responsible, personalized and accessible financing. The strategic support of Victoriabank, part of Banca Transilvania Financial Group, strengthens our ability to continue growing, innovating and reaching clients across all regions of the country,” said Dmitrii Svinarenco, CEO of Microinvest.
For the completion of the transaction, Victoriabank was advised by Filip & Company, Vernon | David and Associates, and PwC, also benefiting from the M&A expertise of the Banca Transilvania team. Microinvest’s shareholders were assisted by KPMG Hungary, Osborne Clarke LLP, and Turcan Cazac Law Firm.
About Victoriabank
With a history of 35 years, Victoriabank is the third largest bank in the Republic of Moldova, with total assets of MDL 30 billion and a network of 65 branches. With 1,200 employees, the bank serves 360,000 clients and supports the local economy, innovation, and sustainable development. Since 2018, Victoriabank has been part of Banca Transilvania Financial Group, the largest financial group in Southeast Europe.